REFERENCE FRAMEWORK 2023 - 2024 SOLVENCYRATIO DEBT LEVEL PAYOUT ASPIRATIONAL OBJECTIVES 2023 Strategy SOLVENCY RATIO Referenceframework 175% - 225% 198.1%* 2023 *Data to September 2023 PAYOUT Referenceframework 67% 2023 DEBT LEVEL Referenceframework 23% - 25% 22.7% 2023